According to the revised financial report for the first six months of 2020, Podravka Group achieved sales revenues of 2.24 billion kuna, which is an increase compared to the same period last year of 105.8 million kuna, or 4.9 percent. Operating profit, EBITDA, increased by 28.8 million kuna or 15.8 percent, and net profit also rose by 21.5 million kuna or 15.4 percent compared to the same period in 2019.
In very challenging and complex business conditions, especially during March and April, the company has shown that it is capable of quickly adapting its operations to the new, extraordinary situation and successfully responding to many challenges, from the supply of raw materials, organization of production to the delivery of its products, states the report of Podravka Group.
Sales of own brands increased by 118.6 million kuna, or 6.1 percent, compared to the same period last year. Sales of own brands also grew in the food and pharmaceutical segments, although the business was negatively impacted by rising prices of raw materials and production materials and unfavorable exchange rate movements, whether related to customers, suppliers, or loans at the Group level. A dividend of nine kuna per share was also paid to shareholders, which on the day of the main assembly on April 30, when the dividend was voted, amounted to 416 kuna per share, which is equal to the dividend amount from 2019 and implies a dividend yield of 2.2 percent.
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